Why Spreadsheets are Inadequate to Track Government Property (GFP), Assets and Inventory Accounting for Government Property, equipment and inventory that’s been provided to you as a Defense contractor, involves precise record keeping and physical inventory controls to ensure you know what you have and where it is located at all times. Spreadsheets are inadequate [...]
Many Defense Contractors are required to adhere to the FAR 52.245-1 clause. This Government Property clause is included in many defense contracts and ensures that the expectations of the contractor have been clarified -- namely that the Contractor must meet these government property management obligations. If your organization is holding a contract with the US [...]
Labeling and uploading all of your qualifying government property and material to the IUID Registry with an Item-Unique Identification (IUID) barcode is essential to supporting your US Military contract requirements. This IUID Compliance process can be broken down into 3 main phases — Marking, Data Capture and Registration. […]
This Article Was Written by Pat Jacklets, formerly the Manager of Property Management for Northrop Grumman’s Aerospace Systems Sector Eastern Region. She is currently A2B Tracking’s Asset Management Expert. I’ve recently returned from Nashville after attending the 2016 National Education Seminar for the National Property Management Association. I conducted two sessions – one was for the [...]
